News / USA

Obama Promotes Economic Plan in Election Swing States

President Barack Obama speaks about manufacturing jobs, at the Conveyor Engineering & Manufacturing plant in Cedar Rapids, Iowa, January 25, 2012.
President Barack Obama speaks about manufacturing jobs, at the Conveyor Engineering & Manufacturing plant in Cedar Rapids, Iowa, January 25, 2012.
Kent Klein

U.S. President Barack Obama is traveling the country to promote the economic plan he laid out in Tuesday’s State of the Union speech. The president started the tour Wednesday with a visit to a manufacturing plant in the central state of Iowa.

Boosting America’s manufacturing sector is a big theme of President Obama’s plan for speeding the economic recovery.

At a conveyor belt factory in Cedar Rapids, Iowa, the president reinforced the parts of his State of the Union message that set out ways to create more U.S. manufacturing jobs.

Above all, Obama called for reforms to U.S. tax laws, to stop rewarding companies that move jobs out of the country, and add incentives for those that stay.

“Companies get all kinds of tax breaks when they move jobs and profits overseas. Think about that. A company that chooses to stay in America gets hit with one of the highest tax rates in the world. That’s wrong. That does not make sense,” said Obama.

The president also advocated policies that discourage companies from shifting profits to overseas tax havens.

Some of the initiatives are geared toward competing with China, where, Obama said, it is becoming more expensive to manufacture goods.

“Their wages are going up. Transportation costs to ship a big auger over here start becoming cost prohibitive. Meanwhile, America is getting more productive. We have become more efficient. We are as competitive as we have ever been. So for a lot of companies, it is starting to make a lot more sense to bring jobs back home,” said Obama.

The president also stressed his efforts to increase exports of U.S. manufactured goods.

“We need to make it easier for American businesses to do business here in America.  And we also need to make it easier for American businesses to sell our products other places in the world. I do not want to export our jobs; I want to export our goods,” said the president.

Obama said the United States is ahead of schedule in meeting his goal of doubling exports within five years.

Much of his tour is aimed at boosting support among lower- and middle-income Americans, who have been hit hard by the recession and the resulting high unemployment.

The president’s approval ratings are still below 50 percent, and a majority of Americans polled have doubts about his handling of the economy.

Some of Obama’s comments on the economy are intended to answer criticism of his performance by Republican Party presidential candidates, especially former Massachusetts governor Mitt Romney.

The five states the president is visiting on this trip all are considered swing states, where the November election could be decided.

Obama’s three-day trip also includes stops in Phoenix, Arizona; Las Vegas, Nevada; Denver, Colorado and Ann Arbor, Michigan.

You May Like

Philippines, Muslim Rebels Try to Salvage Peace Pact

Peace process faces major setback after botched military operation to find terrorists results in bloody gunbattle between government forces, Moro Islamic Liberation Front fighters More

Republicans Expect Long, Expensive Presidential Battle

Political strategist says eventual winner will be one who can put together strongest coalition of various conservative groups that make up Republican Party More

Video New Wheelchair Is Easier to Use, Increases Mobility

Engineers have come up with a lever-operated design that makes use of easily accessible bicycle technology More

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Islamic State Prisoners Talk of Curiosity, God, Regreti
X
Zana Omer
March 28, 2015 1:19 AM
Islamic State fighter, a prisoner of Kurdish YPG forces, asked his family asking for forgiveness: "I destroyed myself and I destroyed them along with me." The Syrian youth was one of two detainees who spoke to VOA’s Kurdish Service about the path they chose; their names have been changed and identifying details obscured. VOA's Zana Omer reports.
Video

Video Islamic State Prisoners Talk of Curiosity, God, Regret

Islamic State fighter, a prisoner of Kurdish YPG forces, asked his family asking for forgiveness: "I destroyed myself and I destroyed them along with me." The Syrian youth was one of two detainees who spoke to VOA’s Kurdish Service about the path they chose; their names have been changed and identifying details obscured. VOA's Zana Omer reports.
Video

Video Germanwings Findings Raise Issue of Psychological Testing for Pilots

More is being discovered about the co-pilot in the crash of Germanwings Flight 9525 in the French Alps. Investigators say he was hiding a medical condition, raising questions about the mental qualifications of pilots. VOA's Carolyn Presutti reports.
Video

Video Hi-tech Motorbike Helmet's Goal: Improve Road Safety

In cities with heavily congested traffic, people can get around much faster on a motorcycle than in a car. But a rider who is not sure of his route may have to stop to look at the map or consult a GPS. A Russian start-up company is working to make navigation easier for motorcyclists. Designers at Moscow-based LiveMap are developing a smart helmet with a built-in navigation system, head-mounted display and voice recognition. Zlatica Hoke has more.
Video

Video New Wheelchair Is Easier to Use, Increases Mobility

Traditional push-rim wheelchairs create a lot of stress for arm, shoulder and neck muscles and joints. A redesigned chair, based on readily available bicycle technology, radically increases mobility while reducing the physical effort. VOA’s George Putic reports.
Video

Video Liberia's Almost Last Ebola Patient Grateful but Still Grieving

Beatrice Yardolo was to make history as Liberia’s last Ebola patient. Liberians recently started counting down 42 days, the period that has to go by without a single new infection until the World Health Organization can declare a country Ebola-free. That countdown stopped on March 20 when there was another new case of Ebola, making Yardolo’s story a reminder that Ebola is far from over. Benno Muchler reports from Monrovia.
Video

Video Cambodian Land Grabs Threaten Traditional Communities

Indigenous communities in Cambodia's Ratanakiri province say the government’s economic land concession policy is taking away their land and traditional way of life, making many fear that their identity will soon be lost. Local authorities, though, have denied this is the case. VOA's Say Mony went to investigate and filed this report, narrated by Colin Lovett.
Video

Video Virginia Tavern Takes Patrons Back to Medieval Times

European martial arts are not widely practiced and are unknown by most people. A tavern in Old Town Alexandria, outside Washington, wants to change this by promoting these fighting techniques from medieval times. Through combining visual arts, martial arts and culinary arts, this tavern brings medieval history back to life. VOA's Yang Lin and Helen Wu report.
Video

Video Space Program Status Disappoints 'Last Man on the Moon'

One of the films that drew big crowds last week at the annual South by Southwest festival in Austin, Texas, tells the story of the last human being to stand on the moon, U.S. astronaut Eugene Cernan. It has been 42 years since Cernan returned from the moon and he laments that no one else has gone there since. VOA’s Greg Flakus reports.

VOA Blogs

Circumventing Censorship

An Internet Primer for Healthy Web Habits

As surveillance and censoring technologies advance, so, too, do new tools for your computer or mobile device that help protect your privacy and break through Internet censorship.
More